Broker requesting 401k statement for a mortgage loan.

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I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents  (W-2s, pay stubs,  tax returns ect...) I was also asked to provide a copy of my most recent quarter 401k statement  (no big deal, this will be apart of my asset) but then he asked me to also provide a copy of the directions on how to take money out of my 401k if I needed to take money out.  This has me a little uneasy.  Is this a normal request from a broker for a mortgage loan?

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Originally posted by @Shaun Weekes:

Originally posted by @Account Closed:

I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents  (W-2s, pay stubs,  tax returns ect...) I was also asked to provide a copy of my most recent quarter 401k statement  (no big deal, this will be apart of my asset) but then he asked me to also provide a copy of the directions on how to take money out of my 401k if I needed to take money out.  This has me a little uneasy.  Is this a normal request from a broker for a mortgage loan?

This is 100% normal and it's called terms of withdrawal. Fannie and Freddie Mac require this to make sure that your money is accessible. Some retirement accounts aren't accessible until you quit your job or hit a certain age and they typically won't accept those kind of reserves.  

You're fine and that's good that you're asking these questions. It means you’re doing your due diligence.  Keep it up!!!

Take care and good luck on your home purchase Ashia.

 Thank you Shaun!! I really appreciate your reply. It took a lot of stress off my brain and put me at ease!!